Chegg Inc SEC Filings

Chegg, Inc. director reports annual RSU grant

A Chegg, Inc. director filed a Form 4 disclosing an annual equity award for board service. On 11/17/2025, the director received 115,132 restricted stock units (RSUs) of Chegg common stock at a price of $0, increasing the director’s beneficial ownership to 257,650 shares held directly after the transaction.

Each RSU represents a contingent right to receive one share of Chegg common stock upon vesting. The RSUs are scheduled to vest on the one-year anniversary of the grant date, conditioned on the director’s continued service on the board through the vesting date.

Chegg, Inc. (CHGG) reported an equity award to one of its directors in a Form 4 filing. On 11/17/2025, the director received 115,132 restricted stock units (RSUs)$0 per share as an annual grant for board service. Each RSU represents the right to receive one share of common stock when it vests.

The RSUs will vest on the one-year anniversary of the grant date, as long as the director continues to serve on Chegg’s board through that date. After this grant, the director beneficially owned 290,497 shares of Chegg common stock in total, held directly.

Chegg, Inc. (CHGG) reported a change in ownership for one of its directors through a Form 4 filing. On 11/17/2025, the director received an annual grant of 115,132 restricted stock units (RSUs) for board service at a stated price of $0, reflecting the nature of RSUs as a contingent equity award rather than a cash purchase. Following this grant, the director beneficially owned 255,874 shares of Chegg common stock in total. The RSUs will vest on the one-year anniversary of the grant date, provided the director continues to serve on the board through that vesting date.

Chegg, Inc. reported a new equity grant to director Ted Schlein. On 11/17/2025, he received 115,132 restricted stock units (RSUs) of Chegg common stock at a grant price of $0, reflecting a stock-based compensation award for board service.

Each RSU represents the right to receive one share of Chegg common stock when it vests. The shares underlying this award will vest on the one-year anniversary of the grant date, as long as Schlein continues to serve on Chegg's board through that vesting date. After this grant, he beneficially owns 444,193 shares of Chegg common stock in direct form.

Chegg, Inc. reported an equity grant to its CFO and Treasurer on 11/17/2025. The officer received 500,000 shares of common stock in the form of restricted stock units (RSUs) at a price of $0, increasing his directly held common shares to 1,671,200, and another 500,000 shares as performance-based restricted stock units (PSUs), bringing his holding to 2,171,200 shares after the second grant.

The RSUs represent the right to receive one share of Chegg common stock per unit and are scheduled to vest over time, beginning one year after the vesting commencement date, with additional vesting quarterly thereafter, subject to continued service. The 2025 PSUs will vest based on Chegg’s stock price performance, with 25% of the shares vesting at each of four appreciation thresholds of 50%, 75%, 100% and 125%, also subject to continued service and a prior performance determination by the Compensation Committee.

Chegg, Inc. reported a new equity award for Executive Chairman and Director Daniel Rosensweig. On 11/17/2025 he received 1,650,000 restricted stock units at a price of $0, each representing one share of common stock. These RSUs begin vesting from a commencement date of 10/28/2025, with one-third vesting after one year and the remainder vesting quarterly over the following two years.

He also received 3,850,000 performance-based restricted stock units granted in 2025 that become eligible to vest after the Compensation Committee determines achievement of specified performance measurements on 10/28/2028. The shares tied to these PSUs vest in four 25% tranches if the stock appreciates by 50%, 75%, 100% and 125%, subject to his continued service through each vesting date. Following these grants, Rosensweig beneficially owned 7,531,412 shares of Chegg common stock directly.

Chegg, Inc. reported a sharp year-over-year decline in Q3 2025 results. Net revenues were $77.7 million, down 43% from $136.6 million a year ago, as Subscription Services fell to $69.1 million and Skills and Other to $8.6 million. Gross margin compressed to 59% from 68%. The company posted a net loss of $17.5 million versus a $212.6 million loss in Q3 2024.

For the nine months, revenue was $304.2 million (down 36%), with a net loss of $70.6 million compared to $830.9 million last year, reflecting the absence of prior-year impairment charges. Cash and cash equivalents were $38.2 million, with total assets of $378.3 million and stockholders’ equity of $146.1 million as of September 30, 2025. Chegg repaid $358.9 million of its 2025 notes and extinguished $65.2 million of its 2026 notes, recognizing a $7.4 million gain.

Management cited continued headwinds from Google’s AI Overviews and broader generative AI adoption reducing traffic and subscriptions. Chegg executed cost actions, recording $27.5 million of cumulative charges under a May 2025 plan and announcing an October 2025 restructuring expected to impact ~388 employees (about 45% of the workforce), with estimated charges of $15–$19 million.

The Vanguard Group filed Amendment No. 9 to Schedule 13G reporting beneficial ownership of 5,400,367 shares of Chegg, Inc. (CHGG) common stock, representing 4.98% of the class as of 09/30/2025.

Vanguard reports 0 shares with sole voting power and 602,939 with shared voting power. It has 4,757,187 shares with sole dispositive power and 643,180 with shared dispositive power. The filing indicates ownership of 5 percent or less of the class. Vanguard states the securities were acquired and are held in the ordinary course and not to influence control.